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Altria Announces Arrangement with Philip Morris International to Enhance Operational Efficiency

  • Altria's Philip Morris USA Inc. (PM USA) has signed a contract manufacturing arrangement with non-U.S. affiliates of Philip Morris International Inc. (PMI) to enhance operational efficiency for traditional tobacco products.
  • The arrangement aims to support 2028 Enterprise Goals by strengthening operational capabilities & generating economic benefits for Vision investment without materially impacting 2026 financial results.
  • Altria & PMI will continue to operate independently while maintaining separate responsibilities for commercialization, distribution, & regulatory activities.
  • Altria maintains a leading U.S. nicotine portfolio for consumers age 21+ through subsidiaries including PM USA, John Middleton Co., USSTC, Helix Innovations, NJOY, & Horizon Innovations.
  • The company's equity investments include Anheuser-Busch InBev SA/NV & Cronos Group Inc.
  • Brand portfolios include Marlboro, Black & Mild, Copenhagen, Skoal, on!, & NJOY.
  • Forward-looking statements in the release are subject to risks regarding global demand, economic conditions, regulatory outcomes, & supply chain disruptions.